If you are the hunt for the best ASX 200 dividend shares to buy, then it could be worth checking out the ones in this article.
That's because they have been named on Bell Potter's Australian equities panel.
This panel is home to the shares that the broker believes offer attractive risk-adjusted returns over the long term.
Three ASX 200 dividend shares that feature on the panel in December are as follows:
BHP Group Ltd (ASX: BHP)
Bell Potter thinks investors should be buying mining giant BHP due to its exposure to the booming copper price. It also expects the company to benefit from Chinese stimulus measures. It explains:
BHP presents an attractive investment proposition, providing exposure to both copper and the potential upside from further Chinese stimulus measures. BHP is one of the top three global producers of copper and has the largest copper endowment of any company globally. BHP operates the Escondida mine in Chile, where they have a 57.5% ownership stake.
The broker is forecasting a fully franked dividend yield of approximately 4.7%.
Coles Group Ltd (ASX: COL)
Another ASX 200 dividend share that could be a buy according to the broker is supermarket giant Coles.
Bell Potter believes that the investments the company is making now will help it maintain its strong market position. It explains:
Costs are expected to remain elevated but should moderate through FY24 and FY25 as general inflation tapers off. In the medium term, 1) higher immigration should support grocery spending, and 2) Coles is entering a period of elevated capex intensity as it reinvests to modernise its supply chain and to catch up to competitors on online and digital offerings, which should help Coles maintain its market position.
A dividend yield of approximately 3.6% is expected by the broker over the next 12 months.
Transurban Group (ASX: TCL)
Finally, this toll road operator could be an ASX 200 dividend share to buy according to Bell Potter.
It likes the company due to its project pipeline, positive exposure to inflation, and low risk cash flows. It said:
We believe the current inflationary environment is favourable for Transurban given its inflation-linked revenue stream with annual escalators. Moreover, TCL provides low risk cash flows over the long term, with long concession duration (30+ years), and relative traffic/income resilience. The group's current pipeline of growth projects is $3.3 billion (TCL's share of total project cost) and further huge development opportunities are expected over the next few decades, supported by population and economic growth.
Bell Potter is forecasting a dividend yield of approximately 5.1% over the next 12 months.
